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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Most followed - Cadbury's, Jubilee Platinum, flip flops and the Great British Bake-Off

What else would you expect but chatter on the web about The Great British Bake-Off, flip-flops, chocolate and mortgage repayments.

It's Friday and what else would you expect but chatter on the web about The Great British Bake-Off, flip-flops, chocolate and mortgage repayments.

It’s an eclectic mix of news out there, as Footsie eased lower ahead of the US non-farm jobs number later this afternoon.

Meanwhile, number crunchers and journalists alike have got their heads down to create some musings on what may happen to home repayments, when UK interest rates do finally start to head north after yesterday's BoE decision to hold fire for now.

The Telegraph notes online that mortgage payments could rise by nearly £500 by 2018 for some Londoners if interest rates nudge up by 0.5 percentage points per year till then.

It comes on a day when Bellway (LON:BWY) announced it sold a record number of homes in the first half, thanks to the state of the mortgage market.

There was a furore to say the least when Cadbury's that famous British chocolate brand was sold to US firm Kraft in 2010 for £10.5bn and spun out two years later.

But its ownership could now be on the move again as activist investor William Ackman has bought a hefty chunk of the parent company Mondelez.

Ackman now has a 7.5% stake in Mondelez worth US$5.5billion (£3.6billion), while another activist investor Nelson Peltz also has a sizeable chunk.

The speculation now is that Mondelez could be reunited with Kraft.

One of the more amusing nuggets, was that new boss at Barclays (LON:BARC) John McFarlane has banned BarclayCard staff from wearing flip-flpps and T-shirts saying it gives the wrong impression to clients at head office in Canary Wharf.

Now I don't know exactly when cake baking became a national spectator sport, but there's no doubt that a certain BBC series - you may have heard of it - has something to do with it.

Now it seems people are not just content to sit and watch the drama of a meringue or marble cake unfold - they also want to get in on the action personally.

Waitrose has reportedly seen a whopping 881% surge in baking tray sales, according to one online report.

Among the most active bulletin board discussions today was on mines-to-metals group Jubilee Platinum (LON:JLP), whose shares are up 8.54% today to 4.45p.

This week it said it remained on-track with its plan to bring its two platinum surface projects into operation as it revealed it had raised £2.442 million in a share placing.

The combined funds from this placing together with the £12.9mln debt funding, on which advanced talks are taking place, along with the previously reported sale of the group's non-platinum operational assets, will provide the necessary means for the design, construction, commissioning and working capital during the ramp-up phase of the South African projects, it had said.

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